Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective lowered by stock analysts at BMO Capital Markets from C$12.00 to C$11.50 in a research note issued on Monday. BMO Capital Markets’ price objective would suggest a potential upside of 29.36% from the company’s previous close.
A number of other analysts have also weighed in on the company. Paradigm Capital upgraded Hudbay Minerals from a “hold” rating to a “buy” rating and raised their target price for the company from C$13.00 to C$14.00 in a research note on Friday, February 23rd. Royal Bank of Canada lowered their target price on Hudbay Minerals from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and set a C$13.00 target price for the company. in a research note on Thursday, January 18th. CIBC raised their target price on Hudbay Minerals from C$14.00 to C$16.00 in a research note on Monday, January 22nd. Finally, Raymond James Financial lowered their target price on Hudbay Minerals from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$13.08.
Hudbay Minerals stock traded down C$0.23 during mid-day trading on Monday, hitting C$8.89. 1,837,501 shares of the company were exchanged, compared to its average volume of 1,883,190. Hudbay Minerals has a 1-year low of C$6.13 and a 1-year high of C$12.65.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Wednesday, February 21st. The mining company reported C$0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.34 by C($0.01). Hudbay Minerals had a net margin of 24.07% and a return on equity of 19.07%. The business had revenue of C$526.00 million during the quarter, compared to analyst estimates of C$513.30 million.
In related news, insider Gmt Capital Corp sold 4,900 shares of Hudbay Minerals stock in a transaction dated Monday, January 29th. The stock was sold at an average price of C$8.87, for a total value of C$43,463.00. Over the last quarter, insiders sold 97,700 shares of company stock valued at $819,447.
Hudbay Minerals Company Profile
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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